TikTok owner ByteDance Ltd. faces the threat of hefty fines as the European Union prepares a probe under its strict new content moderation rules over concerns of risks to minors, SİA informs referring to Bloomberg.
The European Commission will open an investigation into TikTok under the bloc’s new Digital Services Act in the coming weeks, people familiar with the matter said. The probe stems from concerns that changes the company made to comply with the new regulations aren’t enough to protect underage users, according to the people, who asked not to be identified because the deliberations are private.
The DSA gives regulators unprecedented powers to take action against major tech companies for how they handle content on their platforms. Companies face fines of as much as 6% of annual sales, or even risk being banned from the EU if they repeatedly break the rules.
EU regulators in December opened their first formal probe under the DSA into Elon Musk’s X to establish possible breaches in the way the platform handles illegal content and disinformation. The bloc singled out 19 online platforms and search engines last year as large entities worthy of scrutiny and has been quizzing them for information. That includes X, Meta Platforms Inc., Alphabet Inc. and others with more than 45 million monthly active users in Europe. The EU has since also added three porn sites.
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